The amount of coins is pretty limited compared to other coins, and if a lot of international speculators would jump in the price would increase a lot (think when AUR was just released), but market acceptance would break to a halt (people would not spend the coins any more, this has been observed in an external experiment recently when AUR increased a lot during the last rally). Both HODLing and PnD actions (even if the dump does not result in going back to previous levels) are highly toxic to market acceptance in terms of market value perception.

Price has to go up, but with the use of market makers (anyone international can do this on the exchanges BTC/LTC/DOGE exchanges) that provide liquidity for merchants to sell into and users to buy from.

I think the price is a key factor to drive interest in Auroracoin and draw in more people. As sad as it is people get interested in Auroracoin and buy when the price starts moving, not when nothing is happening and the price flat lines.

Always when we have seen the price jump up for whatever reason, we see increase in new registrations on isx.is and new users start buying. I think it is a combination of greed and hope that drives people when something is happening, but also people start talking about it and the news spreads from one person to the next.

For adoption to take place I think Auroracoin has to have much higher value. Imagine the people who hold the initial 31.8 Auroracoins from the Airdrop, valued today at 2226 ISK or $22. These people have forgotten about it and they will not be looking to use Auroracoin where they can at maximum buy 4x cups of coffee for their share. At the same time not many merchants will start accepting Auroracoin given that only a handful of people will come to buy 4x cups of coffee or something of equal value.

For the 30K people that initially claimed Auroracoin the price has to 10x or more for them to start looking for their old Auroracoin wallets. Even if they have lost their Auroracoins an increase in price will get them interested again even if they have to buy in again. At the same time we will get press coverage from the Icelandic media if the price increases substantially, which will spark even further interest.

Same will happen with merchant adoption, if the price becomes substantial every merchant will want to get some and accept Auroracoin.

The trouble is that this is a chicken and the egg problem. Adoption will become reality with ever increasing price, but who will buy in and increase the value before adoption has taken place?

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone". Satoshi Nakamoto

In that case we have a different view of where AUR should have its place. Our view is mostly for the internal domestic market (where also ISK has its role). The only role where it might have is in the export market, where we hope AUR moves back into Iceland and in cases with tourists visiting Iceland. For large in/export markets it's IMHO just not logical to use AUR. That would be a place for BTC or LTC to shine (to replace USD playments).

The dev team and the Auroracoin Foundation only has a focus on Icelandic adoption and will not be putting any energy into trying get usage in the global economy. There are other coins for that!

Of course anyone in the world can use/buy/sell Auroracoin for whatever reason, it's just not the focus of this project to become a global currency. I will welcome anyone that wants to use Auroracoin for whatever they want to, but hopefully that trade will end with one leg in Iceland.

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone". Satoshi Nakamoto

The Finance Minister of Iceland is now suggesting that cash payments in retail will be banned in Iceland, and only electronic payments (debet/credit) will be allowed (http://www.ruv.is/frett/nu-forum-vid-i-strid-vid-skattsvikarana). He also wants to remove the two largest paper bills, the 5.000 ISK and 10.000 ISK all to prevent black market business.

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone". Satoshi Nakamoto

This project may perhaps be abandoned or dropped, but you have made history! A sudden pump in mid 2014, put them in the top 3 if I'm not mistaken, the origin of AuroraCoin is Nordic? What were the causes of this increase?

I have posted some ideas a week and a half or so regarding the adoption in Iceland. Unfortunately there seems to be more interest in venting frustrations than anything else. I will simply try again hoping to get some feedback. If there are frustrations, then the best way to get rid of them is to grab the bull by the bollocks and make shit happen:

We're currently working on a merchant only version of the Android app, and some merchant friendly tweaks need to be made to that. We've purchased tablets to provide to merchants as an AUR POS system, and we're testing that out and getting documentation ready for a push to get more merchants onboard. A lot of the efforts right now are grass roots word of mouth by team members in Iceland. The blockchain is functioning properly right now, and for the most part the price has been relatively stable, so technical developments are on the back burner in favor of code cleanup and maintenance.

Getting the word out to merchants should be one of the top priorities in my opinion. Being able to use it as a viable medium of exchange and having merchants passively promoting it is a great way to getting the word out to the population of Iceland.

As soon as the POS system is ready I would happily volunteer to fly over to Iceland and talk to the merchants personally. Being a bit rusty on speaking Icelandic though but heard that most people speak English.I think a hands on approach would be the way to get the fastest results.

Also something that might be a great way to get the Icelandic population engaged is to load up a paper wallet with let's say 5K-10K AUR, cutting up the private key into 10 snippets and distributing them in Reykjavik.That way it would be a quest to gather the snippets via puzzles and/or hints. The first to correctly solve the puzzles/hints along the way gets the prize.

I am sure the reward would be substantial enough to get media mentions via radio, news websites and newspapers. Also it would engage the population as the reward would be substantial.Also would be happy to donate to it and contribute to a challenging enough quest.

In my opinion, Auroracoin has a great future ahead, but must be adopted as soon and as widely in Iceland as possible.

Iceland's customs office denied the original shipment of tablets that we had ordered. One of the team members(MikkiRefur here) got another order sorted, and he is working on setting it up now. He took over the final changes that he wanted to implement to the merchant wallet code, so he would need to give an ETA.

Iceland's customs office denied the original shipment of tablets that we had ordered. One of the team members(MikkiRefur here) got another order sorted, and he is working on setting it up now. He took over the final changes that he wanted to implement to the merchant wallet code, so he would need to give an ETA.

-Fuse

Great news but how can customs deny a shipment?

The tablets apparently weren't approved for Icelandic regulations for electronic communication devices. We have a backup plan (which we used to get Joylato connected) which we will pursue now, but that plan is a bit more expensive.

I have posted some ideas a week and a half or so regarding the adoption in Iceland. Unfortunately there seems to be more interest in venting frustrations than anything else. I will simply try again hoping to get some feedback. If there are frustrations, then the best way to get rid of them is to grab the bull by the bollocks and make shit happen:

We're currently working on a merchant only version of the Android app, and some merchant friendly tweaks need to be made to that. We've purchased tablets to provide to merchants as an AUR POS system, and we're testing that out and getting documentation ready for a push to get more merchants onboard. A lot of the efforts right now are grass roots word of mouth by team members in Iceland. The blockchain is functioning properly right now, and for the most part the price has been relatively stable, so technical developments are on the back burner in favor of code cleanup and maintenance.

Getting the word out to merchants should be one of the top priorities in my opinion. Being able to use it as a viable medium of exchange and having merchants passively promoting it is a great way to getting the word out to the population of Iceland.

As soon as the POS system is ready I would happily volunteer to fly over to Iceland and talk to the merchants personally. Being a bit rusty on speaking Icelandic though but heard that most people speak English.I think a hands on approach would be the way to get the fastest results.

Also something that might be a great way to get the Icelandic population engaged is to load up a paper wallet with let's say 5K-10K AUR, cutting up the private key into 10 snippets and distributing them in Reykjavik.That way it would be a quest to gather the snippets via puzzles and/or hints. The first to correctly solve the puzzles/hints along the way gets the prize.

I am sure the reward would be substantial enough to get media mentions via radio, news websites and newspapers. Also it would engage the population as the reward would be substantial.Also would be happy to donate to it and contribute to a challenging enough quest.

In my opinion, Auroracoin has a great future ahead, but must be adopted as soon and as widely in Iceland as possible.

Keep up the good work!

Thanks for the post, sometimes this forum ends up in bickering about unimportant stuff, but your post is spot on what we need to be discussing. Merchant adoption...

Hopefully we will be able to push the merchants as soon as possible. I'm getting questions from a few individuals that send us mail directly to the Auroracoin Foundation asking what we should be doing and if we are going to be doing something.

The short answer is that most of the infrastructure is about ready to start the merchant adoption phase, but it will require manpower to go and ask merchants if they are willing to accept Auroracoin and show them how to set up a wallet and how to exchange on isx.is.

We will have to sell this payment method to them but I'm not sure what is the best sales pitch for merchants. They are perhaps most interested in getting paid faster, merchants get credit/debit cards are settled every 7- 30 days in Iceland. Perhaps they are interested in lower fees, now small merchants pay 2-5% for debit/credit cards which will drop down to ~1% if they sell on isx.is.

We might need Auroracoin stickers to put in the windows of their shops, perhaps the Foundation should order a few stickers and give to anyone that wants to distribute. As said before we are working on getting some tablets going, perhaps subsidized by the Auroracoin foundation. It is pointless to talk to a merchant and not being able to deliver a working wallet. If they own an old mobile phone/tablet, that can sit by the cash register, connected to wifi, then that is all they need to start accepting. We will have to be able to set them up with a wallet and teach them how to work with Auroracoin.

Perhaps someone can create videos, a step by step process on what a merchant needs to do to start accepting. How the wallets work and how to use isx.is.

Then we have to promote these merchants and get the word out, use social media. Try to create incentives with the merchants (discount) to get people to use Aurroacoin and go to these merchants with their Auroracoin.

I'm sure we will get on the news and get free publicity when this gets going and we have set up 10-100 merchants.

"Lost coins only make everyone else’s coins worth slightly more. Think of it as a donation to everyone". Satoshi Nakamoto

Hello. Just registered, this is my first post. Are there any remaining AUR mining pools that are trustworthy? Would like to hook up my little rx 460 and mine a few AUR. I want to take a trip to Iceland next year about this time and intend to ONLY use the coins in Iceland. I have read the history of AUR and the project associated with it. I want to see this succeed for the Icelandic people.

Hello. Just registered, this is my first post. Are there any remaining AUR mining pools that are trustworthy? Would like to hook up my little rx 460 and mine a few AUR. I want to take a trip to Iceland next year about this time and intend to ONLY use the coins in Iceland. I have read the history of AUR and the project associated with it. I want to see this succeed for the Icelandic people.

I normally use Strataspool. It is not a big one, but reliable for me. It goes down sometimes, but I have a direct link to its admin, and he is very responsive to that.

Hello. Just registered, this is my first post. Are there any remaining AUR mining pools that are trustworthy? Would like to hook up my little rx 460 and mine a few AUR. I want to take a trip to Iceland next year about this time and intend to ONLY use the coins in Iceland. I have read the history of AUR and the project associated with it. I want to see this succeed for the Icelandic people.

I normally use Strataspool. It is not a big one, but reliable for me. It goes down sometimes, but I have a direct link to its admin, and he is very responsive to that.

This is a self-moderated thread, please be advised of the rules we apply:

We decided to have a self-moderated thread because our team needs to focus on working on development and marketing for Auroracoin. We also want a clean and decent platform for announcements of new developments, without having pages filled with useless conversations posted by people not the least interested in positive development.

- All constructive remarks and feedback on our announcements here are welcome (negative feedback can be constructive as well!)- Questions or suggestions to the dev-team- Short discussions on things are allowed, if things get to long, we will advise a separate thread on the subject.

What is NOT allowed?

- Negative feedback without room for decent discussion- FUD- Discriminating or racial content- Endless repeating (or quoting) of same content (except official Fork warnings of course)- Attempts to derail the focus on Iceland by starting to talk (to yourself) about acceptance of AUR in other countries

We thank you for keeping things descent here and not taking up our moderators time too much by following these simple rules!

In the process I also removed reactions to these posts, involving several well meaning members. This was done to clear up this thread and keep things focussed on the original targets. I hope those involved can understand.

Please folks, Auroracoin is still very much alive and on the verge of a massive breakthrough. Let's try and respect the simple rules applied.